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Océ Acquires Azon Assets from Precision Paper Company

26 Jan, 2005

Océ Acquires Azon Assets from Precision Paper Company

Océ has acquired the assets associated with two converting and distribution facilities in Arlington, TX and Torrance, CA. These assets were purchased from Precision Paper Company, a supplier of printing substrates to the reprographic industry throughout the southeastern United States.

Precision Paper recently purchased these assets from InteliCoat Technologies as part of a larger transaction in which InteliCoat divested its reprographic business, primarily known for the Azon branded product line. Precision Paper, in turn, sold the interests in Arlington, TX and Torrance, CA to Océ. Financial details were not disclosed.

Through its Océ Imaging Supplies division, Océ will serve the former InteliCoat reprographic customers who purchased the AzonColor, Comstoc, and Reprographic Classic brands of supplies for reprographic and computer-aided design (CAD) printing applications.

Former Azon brand customers will be served through the current Océ sales and distribution network, effective immediately. Current Azon phone and fax numbers will remain in place for the next four weeks. A chart providing equivalent Océ products for over 200 Azon products is available at www.oceusa.com/azonproducts http://www.oceusa.com/azonproducts.

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